# PPP loan: ADVANTECH, INC.
> **$437K** approved 05/02/2020 · Charged Off · Loan `9790807308`
## Borrower
- **Name:** ADVANTECH, INC.
- **Address:** 2661 Riva Road Ste 130, ANNAPOLIS, MD, 21401-7353
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $423K (97%)
- **Forgiveness date:** 09/10/2021
- **Status:** Charged Off
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 35
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*